The ANZ-Roy Morgan NZ Consumer Confidence Rating slipped a touch from last week to 121.8 (down 1.8pts).
Popularity: 8% [?]
Credit to the private sector rose by 0.1% per cent in August 2009, after an increase of 0.2% in July. Retail trade was up 0.9% in August, 0.5% expected, and building approvals were down 0.1%, 2.5% expected.
Figures released by the Reserve Bank and the Australian Bureau of Statistics continue the story of an economy that seems confident enough for consumers to spend, but where credit expansion in the business sector is muted.
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Popularity: 5% [?]
Appearing before the Senate Economics References Committee in Sydney today, RBA Governor Glenn Stevens said that the peak effect of the fiscal measures has “probably” already passed.
He confirmed that :
“In due course, both fiscal and monetary support will need to be unwound as private demand increases.”
The bold emphasis is mine.
Popularity: 8% [?]